Official Rates • Updated Oct 2026IDFC First Bank Two Wheeler Loan Calculator 2026
Verified IDFC First bike & scooter loan rates of 9.50% - 25.92% p.a. — calculate your EMI with down payment, total interest & repayment schedule.
Interest Rate
9.50% - 25.92%
Profile & vehicle linked
Processing Fee
Up to 5% of the total amount (fees page). Interest-rates page says up to 2% of the loan amount (min Rs.500); product banner says "Zero Processing Fees"
≈ ₹5,000 for current loan
Max Funding
Up to 95%
Of vehicle price
Loan Tenure
Up to 60 months
5 years max
Bike Loan Calculator
Calculate Your Two Wheeler EMI Instantly
Plan your bike, scooter, or electric two-wheeler purchase with our compact EMI calculator – quick, simple, and always on top!
₹
One Lakh Twenty Thousand rupees
₹
Twenty Thousand rupees
IDFC First official range: 9.5% - 25.92%Verified from official website
%
9.5%25.92%
years
Monthly EMI
₹3.20 K
for 3 years
Loan Amount
₹1.00 L
Total Interest
₹15.32 K
Total Amount
₹1.15 L
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IDFC First Foreclosure Charge Calculator
See exactly what closing this loan early would cost you — and whether the interest you save makes it worth it.
₹
EMIs paid when you close9 mos
035 months
Estimated Foreclosure Fee (%)3% + GST
Outstanding
₹77,595
Foreclosure fee
₹2,747
3% of outstanding + GST
Total to close
₹80,342
Interest saved
₹8,894
Closing now leaves you ₹6,147 better off
₹8,894 interest avoided − ₹2,747 fee = ₹6,147 net benefit.
| Close after | Outstanding | Fee | Net benefit |
|---|---|---|---|
| 6 mos | ₹85,241 | ₹3,018 | ₹7,841 |
| 12 mos | ₹69,767 | ₹2,470 | ₹4,643 |
| 24 mos | ₹36,532 | ₹1,293 | ₹614 |
Official IDFC First Foreclosure & Prepayment Terms
Published schedule of charges • Verified banking disclosure
IDFC First publishes descriptive terms for preclosure charges. Use the fee percentage slider in the calculator above to model your exact payoff statement.
Verbatim Published Clause
“Foreclosure / prepayment: 5% of principal outstanding. Part payment: 5% of the part payment amount + GST”
18% GST Applicable: Prepayment & foreclosure fees attract 18% statutory GST as mandated by Government of India taxation rules.
Payoff Calculation: Estimates assume a monthly reducing balance. Official payoff statement from IDFC First will include exact accrued interest up to the settlement date.
IDFC First Two Wheeler Loan Interest Rate & Charges (2026)
Interest rate, processing fee, tenure and prepayment terms as published by IDFC First
| Particulars | IDFC First Two Wheeler Loan |
|---|---|
| Interest Rate | 9.50% - 25.92% p.a. |
| Processing Fee | Up to 5% of the total amount (fees page). Interest-rates page says up to 2% of the loan amount (min Rs.500); product banner says "Zero Processing Fees" |
| Foreclosure / Prepayment | Foreclosure / prepayment: 5% of principal outstanding. Part payment: 5% of the part payment amount + GST |
| Maximum Funding (LTV) | Up to 95% of the vehicle price |
| Maximum Tenure | 60 months (5 years) |
| Effective Date | Disclosure: Q1 FY 26-27 |
Important Notes
- IDFC FIRST publishes conflicting "starting from" rates: the product page says Premium 9%, Mid Premium/EV 10%, Commuter 10%; the interest-rates page says Premium 8.5%, Mid Premium/EV 15.99%, Commuter 18.99%. The headline range is its regulatory disclosure of loans actually contracted in Q1 FY26-27 (9.5%-25.92%).
- Processing fee is stated three different ways on IDFC FIRST's own pages (up to 5%, up to 2%, and zero); all quoted.
- Up to 95% of on-road price, tenure 6 to 60 months. Product: https://www.idfcfirst.bank.in/personal-banking/loans/two-wheeler-loan
Last verified against the official IDFC First website on Oct 2026.
IDFC First Two Wheeler Loan Scheme-wise Rates
IDFC First publishes separate rates for these two wheeler loan variants.
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| Rates on loans contracted, Q1 FY26-27Weighted average 17.91% | 9.50% - 25.92% |
| Premium bikes (starting rate)Interest-rates page; the product page says 9% | from 8.50% |
| Mid Premium / Electric bikes (starting rate)Interest-rates page; the product page says 10% | from 15.99% |
| Commuter bikes (starting rate)Interest-rates page; the product page says 10% | from 18.99% |
Compare IDFC First with Other Two Wheeler Loan Lenders (2026)
Bike loan interest rates from each lender's official website, sorted by lowest starting rate.
Comparing for₹1,00,000 (36 mo)
Sort by:
| Lender | Interest Rate (p.a.) | Est. Monthly EMI | Calculated Processing Fee | Total Payable (incl. fees & interest) |
|---|---|---|---|---|
| 8.86% - 22.00% | ₹3,173 | Up to ₹5,900 | ₹1,20,128 | |
| 9.00% - 24.00% | ₹3,180 | Up to ₹5,000 | ₹1,19,480 | |
| 9.50% - 25.92% | ₹3,203 | Up to ₹5,000 | ₹1,20,308 | |
| 10.25% - 26.10% | ₹3,238 | Up to ₹4,000 | ₹1,20,568 | |
| 10.50% - 11.50% | ₹3,250 | 0.50% of loan amount + GST (loan up to Rs.10 lakh); stamp duty at actual; log-in charges Rs.2,000 for applicant and Rs.1,300 for each co-applicant/guarantor (non-refundable) | ₹1,17,000 | |
| 11.00% - 30.00% | ₹3,274 | ₹4,000 | ₹1,21,864 | |
| 11.70% - 15.70% | ₹3,307 | Up to ₹3,540 | ₹1,22,592 | |
| 12.60% - 16.00% | ₹3,350 | ₹2,950 | ₹1,23,550 | |
| 13.00% - 28.00% | ₹3,369 | Up to ₹4,000 | ₹1,25,284 | |
| from 13.30% | ₹3,384 | Not published | ₹1,21,824 | |
| 14.49% - 24.00% | ₹3,442 | Up to ₹4,000 | ₹1,27,912 | |
| from 14.50% | ₹3,442 | Up to ₹2,500 | ₹1,26,412 | |
| 15.00% - 25.00% | ₹3,467 | Up to ₹2,950 | ₹1,27,762 | |
| 16.00% - 25.00% | ₹3,516 | 3% of loan amount; documentation charges Rs.2,000 per case (non-refundable) | ₹1,26,576 | |
| 16.40% - 26.00% | ₹3,535 | Up to ₹5,000 | ₹1,32,260 |
Live figures calculated for ₹1,00,000 over 36 months. Rates and fee formulas sourced directly from each lender's official website (last verified 7 Oct 2026) and auto-refreshed. GST at 18% is added where charged by the lender.
IDFC First Bike Loan EMI: Worked Example
Live from the calculator above: a ₹1,20,000 bike with ₹20,000 down payment, financed at 9.5% p.a. for 36 months.
Loan Amount
₹1,00,000
Monthly EMI
₹3,203
Total Interest
₹15,308
Processing Fee
≈ ₹5,000
IDFC First Two Wheeler Loan EMI per ₹1 Lakh
EMI on a ₹1,00,000 loan at IDFC First's lowest and highest published rate.
| Tenure | EMI @ 9.5% | EMI @ 25.92% |
|---|---|---|
| 12 months | ₹8,768 | ₹9,549 |
| 24 months | ₹4,591 | ₹5,383 |
| 36 months | ₹3,203 | ₹4,025 |
| 48 months | ₹2,512 | ₹3,367 |
| 60 months | ₹2,100 | ₹2,989 |
Before You Apply for a IDFC First Two Wheeler Loan
- Compare the all-in cost, not just the rate. Processing fee, documentation charges and insurance bought through the dealer can add more than a 1% rate difference on a small bike loan.
- A bigger down payment cuts interest fastest. Bike loans are short, so every ₹10,000 less borrowed saves interest across the whole tenure.
- Check foreclosure terms. Many borrowers close bike loans early; IDFC First's published terms are listed in the Rates & Charges table above.
- Typical documents: PAN, Aadhaar / address proof, income proof (salary slips or ITR), recent bank statements and the dealer's quotation. The vehicle is hypothecated to IDFC First until the loan is closed, after which you get an NOC to remove it from the RC.
IDFC First Bank Two Wheeler Loan FAQs
Common questions about IDFC First bike and scooter loan interest rates, EMI, charges and foreclosure in 2026.
What is the IDFC First two wheeler loan interest rate in 2026?
IDFC First's officially published two wheeler loan interest rate is 9.50% - 25.92% p.a. IDFC First publishes this as a regulatory disclosure range (the lowest to highest rates on loans it actually sanctioned / its indicative policy range), not as a fixed rack rate. Your offer depends on your profile and vehicle.
What is the EMI for a ₹1 lakh IDFC First bike loan?
At IDFC First's lowest published rate of 9.5% p.a., the EMI on ₹1,00,000 is about ₹3,203 for 36 months or ₹4,591 for 24 months. Use the calculator above for your exact price, down payment and tenure.
What processing fee does IDFC First charge on a two wheeler loan?
IDFC First's published processing fee is: Up to 5% of the total amount (fees page). Interest-rates page says up to 2% of the loan amount (min Rs.500); product banner says "Zero Processing Fees".
Can I foreclose my IDFC First two wheeler loan early?
IDFC First's published foreclosure / prepayment terms: Foreclosure / prepayment: 5% of principal outstanding. Part payment: 5% of the part payment amount + GST.
How much of the bike price does IDFC First finance, and for how long?
IDFC First finances up to 95% of the vehicle price, repayable over up to 60 months.
How is the IDFC First two wheeler loan EMI calculated?
EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1], where P is the loan amount (vehicle price minus down payment), r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the tenure in months.